Geode Capital Management Portfolio holdings
Geode Capital Management, founded in 2001 and based in Boston, Massachusetts, is a prominent institutional asset management firm known for its expertise in low-cost, systematic index investing. Originally established to manage internal index funds for Fidelity Investments, Geode became an independent entity while retaining a close relationship with Fidelity, focusing on passive investment strategies that track major market indices. The firm oversees hundreds of billions in assets, offering a range of mutual funds and separately managed accounts primarily for institutional clients, such as pension funds and endowments, with an emphasis on minimizing costs and maximizing efficiency. Geode’s disciplined, quantitative approach and avoidance of active management have made it a key player in the rise of index-based investing.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Applovin
APP
|
+$1.56B |
| 2 |
Amazon
AMZN
|
+$1.34B |
| 3 |
Eli Lilly
LLY
|
+$1.26B |
| 4 |
NVIDIA
NVDA
|
+$1.08B |
| 5 |
Chevron
CVX
|
+$1.03B |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
HES
Hess
HES
|
+$964M |
| 2 |
ANSS
Ansys
ANSS
|
+$924M |
| 3 |
Johnson & Johnson
JNJ
|
+$753M |
| 4 |
JNPR
Juniper Networks
JNPR
|
+$418M |
| 5 |
American Express
AXP
|
+$253M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 33.52% |
| 2 | Financials | 13.57% |
| 3 | Consumer Discretionary | 10.61% |
| 4 | Communication Services | 9.71% |
| 5 | Healthcare | 9.05% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
LINE
1551
Lineage Inc
LINE
$9.78B
| $44.1M | ﹤0.01% |
1,141,776
-211,702
| -16% | -$8.8M |
|
1552
Blue Bird Corp
BLBD
$2.06B
| $44.1M | ﹤0.01% |
766,084
-5,620
| -0.7% | -$293K |
|
1553
PureCycle Technologies
PCT
$1.43B
| $44.1M | ﹤0.01% |
3,350,335
-40,791
| -1% | -$567K |
|
1554
SiriusPoint
SPNT
$2.68B
| $44M | ﹤0.01% |
2,434,505
+135,830
| +6% | +$2.54M |
|
1555
Kinetik
KNTK
$4.16B
| $44M | ﹤0.01% |
1,029,780
+61,830
| +6% | +$2.61M |
|
1556
Cogent Communications
CCOI
$530M
| $44M | ﹤0.01% |
1,147,507
+87,140
| +8% | +$3.64M |
|
1557
Napco Security Technologies
NSSC
$1.38B
| $44M | ﹤0.01% |
1,024,539
-7,008
| -0.7% | -$243K |
|
1558
Alpha Metallurgical Resources
AMR
$1.97B
| $44M | ﹤0.01% |
267,897
-712
| -0.3% | -$98.7K |
|
1559
RingCentral
RNG
$5.44B
| $43.9M | ﹤0.01% |
1,549,729
+54,566
| +4% | +$1.59M |
|
1560
Patterson-UTI
PTEN
$4.17B
| $43.8M | ﹤0.01% |
8,454,175
-233,865
| -3% | -$1.34M |
|
1561
Northwest Natural Holdings
NWN
$2.13B
| $43.7M | ﹤0.01% |
973,281
+16,510
| +2% | +$685K |
|
1562
Interface
TILE
$2.24B
| $43.6M | ﹤0.01% |
1,505,787
+72,604
| +5% | +$1.83M |
|
1563
Rush Street Interactive
RSI
$2.87B
| $43.5M | ﹤0.01% |
2,124,677
-62,527
| -3% | -$1.18M |
|
1564
Liberty Media Series A
FWONA
$23.8B
| $43.5M | ﹤0.01% |
456,383
-12,000
| -3% | -$1.1M |
|
1565
LiveRamp
RAMP
$2.3B
| $43.5M | ﹤0.01% |
1,601,582
+92,875
| +6% | +$2.74M |
|
1566
Quaker Houghton
KWR
$2.95B
| $43.3M | ﹤0.01% |
328,501
+2,104
| +0.6% | +$277K |
|
1567
Hawaiian Electric Industries
HE
$2.06B
| $43.2M | ﹤0.01% |
3,916,092
-177,661
| -4% | -$2.02M |
|
|
GRAL
1568
GRAIL Inc
GRAL
$3.05B
| $43.2M | ﹤0.01% |
730,250
-27,520
| -4% | -$1.05M |
|
1569
City Holding Co
CHCO
$2.07B
| $43.2M | ﹤0.01% |
348,339
-17,816
| -5% | -$2.24M |
|
|
AVDX
1570
DELISTED
AvidXchange
AVDX
| $43.1M | ﹤0.01% |
4,331,537
+27,591
| +0.6% | +$273K |
|
1571
Concentrix
CNXC
$1.49B
| $43M | ﹤0.01% |
931,863
+48,105
| +5% | +$2.57M |
|
1572
Insperity
NSP
$1.98B
| $42.9M | ﹤0.01% |
872,220
-158,328
| -15% | -$8.67M |
|
|
PPLI
1573
People Inc
PPLI
$3B
| $42.9M | ﹤0.01% |
1,258,209
+103,603
| +9% | +$3.87M |
|
1574
Ashland
ASH
$3.38B
| $42.7M | ﹤0.01% |
890,672
+90,893
| +11% | +$4.78M |
|
1575
Celldex Therapeutics
CLDX
$3.39B
| $42.6M | ﹤0.01% |
1,647,136
-25,844
| -2% | -$599K |
|
Similar funds
Geode Capital Management's Q3 2025 Portfolio in Review
As of Q3 2025, Geode Capital Management held 4,592 positions worth $1.57T, up 9.9% from $1.43T the previous quarter. Its ten largest holdings account for 34% of the portfolio.
Geode Capital Management's Q3 2025 filing shows 148 new, 2,907 increased, 1,130 reduced and 119 closed positions. Its largest new stake was Paramount Skydance Corp: 8,343,504 shares worth $158M. The largest sale was Hess, an estimated $964M.
By sector, the portfolio is most concentrated in Technology at 34% of assets, up from 32% a quarter earlier, followed by Financials and Consumer Discretionary.
- Geode Capital Management's largest Q3 2025 buy was Paramount Skydance Corp: 8,343,504 shares worth $158M.
- Geode Capital Management added most to Applovin in Q3 2025, an estimated $1.56B increase.
- Geode Capital Management's biggest Q3 2025 reduction was Johnson & Johnson, cutting an estimated $753M.
- Geode Capital Management fully exited Hess in Q3 2025, selling an estimated $964M.
- Geode Capital Management's ten largest holdings make up 34% of its $1.57T portfolio in Q3 2025.
- Geode Capital Management opened 148 new positions and closed 119 in Q3 2025.
- Geode Capital Management's portfolio value rose 9.9% quarter-over-quarter to $1.57T.
Based on Geode Capital Management's 13F filing for Q3 2025, filed 12 Nov 2025.